Scholarships for Scholars

Analysis

Scholarships for Scholars is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Scholarships for Scholars reported income of $140k and spending of $262k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $745k to $140k (-81%), an average of -34% a year. The sharpest change came in the year to December 2020, when income rose by 96%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarships for Scholars sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Missouri Accreditation of Programs for Children and Youth ($140k), Ramsey High School Band and Color Guard Parents Assoc Inc ($140k) and Nibras Education Foundation ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. Compensation of current officers, directors and key employees was $62k (24% of expenses). At year end it held assets of $2.9m against liabilities of $48k, net assets of $2.9m. It reported 1 employees.